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    Automotive Service Station For Sale Title is generated by Realmo AI

    101 Seventh, Norway, MI 49870

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    For Sale
    $215,000

    Established automotive service station on high-traffic highway, turn-key operation.

    Type:Industrial
    Property size:
    1,458 SF
    Price / SF:
    $147/SF
    Added:
    Dec 4, 2024
    Days on Market:
    579
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for 101 Seventh

    General Information

    Standard status
    Active
    Size
    1,458 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1960

    We can help!

    Contact an agent
    KIMBERLY WEBB

    Listing office LEEDS REAL ESTATE

    Listing date Dec 4, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LEEDS REAL ESTATE

    HighLights

    • Prime highway location with high traffic and visibility.
    • Turn‑key operation with established customer base and consistent revenue.
    • Fully equipped with hoists, welders, and other essential tools.
    • Newer roof ensures low maintenance.
    • Seller willing to provide training for a smooth transition.
    • Two overhead doors for efficient workflow.

    Overview

    An automotive service station is available for sale, situated on a high-traffic highway. The facility has a history of attracting steady clientele and has built a solid reputation for service and reliability. The business boasts a loyal customer base and consistent revenue. The property features a newer roof, ensuring low maintenance. It includes two overhead doors, accommodating multiple vehicles for efficient workflow. Radiant heating provides a comfortable working environment. The station is fully equipped with hoists, welders, and other essential tools. The property size is 1458 square feet. The current owner is willing to stay on temporarily to train the new owner and share insights into running the business. This automotive service station is suitable for an entrepreneur or seasoned professional looking to expand.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $21.0k $14.40
    − Vacancy −$2.2k −$1.51
    EGI $18.8k $12.89
    − OpEx −$5.6k −$3.87
    NOI $13.2k $9.02
    1,458 SF · lease $14.40/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $187.9K
    $164.4K – $219.2K (±1% cap)
    NOI $13,153 @ 7.0% cap · market cap 6.12%
    Second Best
    Industrial
    $103.2K
    $90.3K – $120.4K (±1% cap)
    NOI $7,224 @ 7.0% cap · market cap 3.36%
    Theoretical Best
    Office A
    $281.1K
    $246.0K – $328.0K (±1% cap)
    NOI $19,677 @ 7.0% cap · market cap 9.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    M & D Automotive Auto Repair Shop

    Suggested Use

    Real Estate Agency Hair Salon Restaurant Gym & Fitness Center Accounting Firm Nail Salon Skin Care Clinic Daycare Center Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Brians Auto Body — 515 7th ave, norway, mi 49870
    • M & D Automotive — 101 7th Ave, Norway, MI 49870
    • Norway auto body — 515 7th Ave, Norway, MI 49870
    • Krist Oil Co — 625 Brown St, Norway, MI 49870
    • Saginaw Street Automotive — 402 Saginaw St, Norway, MI 49870

    Location Insight

    • Map
    • Local Demand
    City
    Norway
    County
    Dickinson
    State
    Michigan
    Longitude
    -87.911768
    Latitude
    45.787215

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    FAQs

    What type of property is this?
    Auto shop - Established automotive service station on high-traffic highway, turn-key operation.
    Where is this auto shop located?
    The property is located at 101 Seventh Norway, MI.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Prime highway location with high traffic and visibility.; Turn‑key operation with established customer base and consistent revenue.; Fully equipped with **hoists, welders, and other essential tools.**
    (906) 779-5333
    We can help!
    Contact an agent
    KIMBERLY WEBB
    Real Estate License ID: 6501341251
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